TFGZ vs HBTA
Comparison between THORNBURG FOCUS GROWTH FUND ETF CLASS (TFGZ, ETF) and HORIZON EXPEDITION PLUS ETF (HBTA, ETF).
TFGZ vs HBTA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
TFGZ
$238M
HBTA
$236M
Expense Ratio
Winner
TFGZ
0.79%
HBTA
0.86%
Max Drawdown
Winner
TFGZ
5.24%
HBTA
26.73%
Sharpe Ratio
Winner
TFGZ
2.79
HBTA
1.07
5Y Beta
Winner
TFGZ
1.19
HBTA
1.35
P/E Ratio
TFGZ
39.85
Winner
HBTA
33.38
Forward P/E
TFGZ
24.63
Winner
HBTA
22.33
PEG Ratio
TFGZ
N/A
HBTA
0.26
5Y EPS CAGR
TFGZ
22.75%
Winner
HBTA
29.39%
Debt to Equity
TFGZ
52.07%
Winner
HBTA
41.96%
P/S Ratio
TFGZ
6.33
Winner
HBTA
4.62
P/B Ratio
TFGZ
7.62
Winner
HBTA
7.44
TFGZ vs HBTA - Holdings Comparison
TFGZ and HBTA have 9 common holdings. Overlap is 15.04%
TFGZ's top 25 holdings weight is 81.03%. HBTA's top 25 holdings weight is 62.25%.
| Rank | TFGZ | HBTA |
|---|---|---|
| #1 | MICROSOFT CORP (MSFT) - 9.92% | ROUNDHILL MAGNIFICENT SEVEN ETF (MAGS) - 8.03% |
| #2 | ALPHABET INC CLASS A (GOOGL) - 7.45% | NVIDIA CORP (NVDA) - 7.49% |
| #3 | BROADCOM INC (AVGO) - 6.94% | ALPHABET INC CLASS A (GOOGL) - 7.01% |
| #4 | CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) - 4.77% | APPLE INC (AAPL) - 6.63% |
| #5 | META PLATFORMS INC CLASS A (META) - 4.76% | BROADCOM INC (AVGO) - 3.98% |
| #6 | MASTERCARD INC CLASS A (MA) - 3.30% | MICRON TECHNOLOGY INC (MU) - 3.15% |
| #7 | ROYALTY PHARMA PLC CLASS A (RPRX) - 2.89% | AMAZON.COM INC (AMZN) - 2.67% |
| #8 | THORNBURG CAPITAL MANAGEMENT (n/a) - 2.87% | TESLA INC (TSLA) - 2.57% |
| #9 | SITIME CORP ORDINARY SHARES (SITM) - 2.81% | ADVANCED MICRO DEVICES INC (AMD) - 2.16% |
| #10 | ARGAN INC (AGX) - 2.76% | ELI LILLY AND CO (LLY) - 1.85% |
| #11 | VERTIV HOLDINGS CO CLASS A (VRT) - 2.68% | META PLATFORMS INC CLASS A (META) - 1.78% |
| #12 | HEICO CORP CLASS A (HEI-A) - 2.64% | WALMART INC (WMT) - 1.51% |
| #13 | REDDIT INC CLASS A SHARES (RDDT) - 2.54% | APPLIED MATERIALS INC (AMAT) - 1.35% |
| #14 | S&P GLOBAL INC (SPGI) - 2.52% | INTEL CORP (INTC) - 1.35% |
| #15 | DATADOG INC CLASS A (DDOG) - 2.50% | MICROSOFT CORP (MSFT) - 1.33% |
| #16 | REPLIGEN CORP (RGEN) - 2.29% | LAM RESEARCH CORP (LRCX) - 1.28% |
| #17 | VICTORIA'S SECRET & CO (VSXY) - 2.25% | CATERPILLAR INC (CAT) - 1.25% |
| #18 | STANDARDAERO INC (SARO) - 2.11% | GE AEROSPACE (GE) - 0.98% |
| #19 | LAM RESEARCH CORP (LRCX) - 2.09% | EXXON MOBIL CORP (XOM) - 0.96% |
| #20 | TALEN ENERGY CORP ORDINARY SHARES NEW (TLN) - 2.01% | JOHNSON & JOHNSON (JNJ) - 0.93% |
| #21 | MAREX GROUP PLC (MRX) - 1.99% | KLA CORP (KLAC) - 0.91% |
| #22 | SAMSARA INC ORDINARY SHARES CLASS A (IOT) - 1.89% | GE VERNOVA INC (GEV) - 0.85% |
| #23 | TAPESTRY INC (TPR) - 1.83% | THE GOLDMAN SACHS GROUP INC (GS) - 0.77% |
| #24 | ACADIAN ASSET MANAGEMENT INC (AAMI) - 1.70% | MORGAN STANLEY (MS) - 0.76% |
| #25 | THE VITA COCO CO INC (COCO) - 1.52% | VISA INC CLASS A (V) - 0.70% |
| Total Holdings | 44 | 206 |
TFGZ vs HBTA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TFGZ
-1.27%
HBTA
-1.68%
3M
TFGZ
+5.09%
Winner
HBTA
+7.48%
6M
TFGZ
N/A
HBTA
+10.65%
1Y
TFGZ
N/A
HBTA
+24.37%
Max(CAGR)
Winner
TFGZ
+69.21%
HBTA
+17.48%
TFGZ vs HBTA - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | TFGZ | HBTA |
|---|---|---|
| 2026 | +17.33% | +10.76% |
| 2025 | N/A | +14.69% |
TFGZ vs HBTA Drawdown Comparison
The maximum drawdown for TFGZ was -5.24%, occurring on Jun 10, 2026. Recovery took 22 trading sessions.
The maximum drawdown for HBTA was -26.73%, occurring on Apr 8, 2025. Recovery took 93 trading sessions.
The current TFGZ drawdown is -2.80%. The current HBTA drawdown is -3.49%.
| Rank | TFGZ | HBTA |
|---|---|---|
| #1 | -5.24% Jun 2, 2026 - Jul 6, 2026 | -26.73% Feb 19, 2025 - Jul 3, 2025 |
| #2 | -4.12% Jul 9, 2026 - Jul 17, 2026 | -13.18% Jan 29, 2026 - Apr 15, 2026 |
| #3 | -3.75% May 11, 2026 - May 26, 2026 | -7.03% Oct 29, 2025 - Dec 24, 2025 |
| #4 | -2.14% Apr 22, 2026 - May 1, 2026 | -6.72% Jun 2, 2026 - Jun 10, 2026 |
| #5 | -1.50% Jul 6, 2026 - Jul 9, 2026 | -3.71% Oct 8, 2025 - Oct 20, 2025 |
| #6 | -0.53% Apr 20, 2026 - Apr 22, 2026 | -3.55% May 14, 2026 - May 26, 2026 |
| #7 | -0.47% Apr 8, 2026 - Apr 13, 2026 | -3.48% Jan 12, 2026 - Jan 29, 2026 |
| #8 | -0.16% May 26, 2026 - May 28, 2026 | -3.36% Jan 23, 2025 - Feb 14, 2025 |
| #9 | -0.14% May 6, 2026 - May 8, 2026 | -2.92% Jul 28, 2025 - Aug 8, 2025 |
| #10 | N/A | -2.46% Aug 14, 2025 - Aug 27, 2025 |
| #11 | N/A | -1.76% Sep 22, 2025 - Oct 6, 2025 |
| #12 | N/A | -1.66% Aug 28, 2025 - Sep 8, 2025 |
| #13 | N/A | -1.60% Jul 3, 2025 - Jul 14, 2025 |
| #14 | N/A | -1.48% Dec 26, 2025 - Jan 6, 2026 |
| #15 | N/A | -1.05% Apr 17, 2026 - Apr 22, 2026 |
Correlation
Correlation between TFGZ and HBTA is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
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